Out with DeMarco, in with cramdowns
Attorneys general from nine states — including California’s own Kamala Harris — have called for the replacement of the Federal Housing Finance Agency’s (FHFA’s) acting director, Edward DeMarco. The...
View ArticleNew loan mod program — automatic, ineffectual
The Federal Housing Finance Administration (FHFA) is modifying your loan, whether you like it or not!
View ArticleFannie Mae and Freddie Mac are failures — now what?
We know that Fannie Mae and Freddie Mac are broken. But is there a viable plan for their restructuring? Who do we trust to reform the secondary mortgage market?
View ArticleMore justification for cramdowns
According to credit rating agency, Standard & Poors, cramdowns are cool.
View ArticleBig changes for the secondary mortgage market
In the world of secondary mortgage market reform, we’ve got good news and bad news. Which would you like to hear first?
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